Hong Kong
Hong Kong
Hong Kong is one of the two Special Administrative Regions of the People's Republic of China. The city of Hong Kong is located on the coast of South China, sandwiched between the South China Sea and the Pearl River Delta, and is distinguished by its many skyscrapers and its spacious harbor
Hong Kong enjoys high independence and a political system different from that on the Chinese mainland, according to the principle of "one country, two different systems", which devotes the city to its self-rule. The city has a judicial independence that follows its common law structure. It also has an independent basic law. Its constitution, which was drawn up after the transfer of its ownership from Britain to China, stipulates that it will have a "degree of independence" in all aspects of the state, with the exception of international diplomatic relations and the military structure. The city has a flourishing pluralistic political system, and its prime minister is chosen by an election committee of 400 to 1,200 members, and this system will remain in place throughout the first twenty years of Chinese rule
Hong Kong is one of the leading economic centers in the world, as it is characterized by a thriving capital economy based on low taxes and free trade, and the city’s currency - the Hong Kong dollar - is the eighth most traded currency in the world. Due to the small area of the city and the large population, the need for an infrastructure that allows for a greater population density has emerged, and that city has turned it into a center of modern architecture and made it the highest city in the world, and caused the development of the transportation network in it until more than 90% of its residents depend on public transportation. , Which is the highest in the world. Hong Kong is also distinguished by international advanced ranks in many other fields, such as economic freedom, quality of life, anti-corruption, human development, and others
Hong Kong is located on the coast of southern China, to the east of Macau. It and Macau lie on opposite banks of the Pearl River Delta. The city is bordered on the south, east and west by the South China Sea, and on the north it is bordered by the Chinese city of Shenzhen on the side of the Shenzhen River. The area of Hong Kong has an area of 1,104 km2, of which 50 km2 are territorial waters and 1,054 km2 of land, distributed into three regions: Hong Kong Island, the Kowloon Peninsula and the New Territories, in addition to more than 200 islands of varying size, the largest of which is Lantau Island. Hong Kong controls territorial waters up to 5.6 kilometers from its shores. According to Hong Kong's land area, it is ranked 179th among the countries in the world in terms of area
Most of Hong Kong's land is made up of rugged mountains and hills, so less than 25% of its total area is inhabited, and about 40% of its remaining area is protected within national parks and nature reserves. Most of the urban expansion in the region is concentrated on the Kowloon Peninsula and on the northern coast of Hong Kong Island, as well as in settlements scattered across the new territories. The highest peak in Hong Kong is Tai Mo Shan, which is 937 meters above sea level
Hong Kong, thanks to its long and winding coast, has many bays and beaches, as well as many rivers. On September 18, 2011, UNESCO designated the Hong Kong Geopark as part of the Global Geoparks Network, and it consists of eight geographic regions distributed across the volcanic rocky region of Sai Kung Province and the sedimentary rocks area in the northeast of the New Territories
Hong Kong is one of the first financial centers in the world, and therefore its economy is a large capital economy that depends on services, characterized by low tax rates and free trade. The city uses the Hong Kong dollar, which is ranked the eighth most traded currency in the world (according to the 2010 census). Milton Friedman once described Hong Kong as the greatest experiment in the capitalist hands-off economy, but the city government has since enacted several laws and regulations on businesses, including minimum wages
Hong Kong's economy is still a highly developed capitalist economy, as it has been classified according to the Index of Economic Freedom as the most free economy in the entire world every year since 1995. Hong Kong is an important commercial and financial center, with one of the highest densities of commercial company headquarters in the Asia region. And the Pacific Ocean, and it is famous for being one of the Four Asian Tigers for its rapid development and growth from the 1960s to the 1990s. Hong Kong's GDP grew 180 times from 1961 to 1997, while its per capita GDP increased 87 times
Hong Kong began to turn into a financial center in the 1990s, but it was greatly affected by the repercussions of the Asian financial crisis that struck the region in 1998, and then again in 2003 as a result of the outbreak of severe acute respiratory syndrome (SARS). During this period, a new rise in global and domestic demand took place in Hong Kong, which led to a strong economic recovery, and the lower prices strengthened competition from Hong Kong's exports in the global market, ending a long period of weakness. In the late 1990s, the British colonial government began to interfere in the Hong Kong economy, and this has continued since 1997 and has increased continuously with the introduction of export credit guarantees, minimum wages and anti-intolerance laws
Hong Kong has few arable areas or natural resources, so it imports most of its food and raw materials from its neighboring countries. Hong Kong imports more than 90% of food, including nearly all rice and meat. Agricultural activity in the city is very limited, as it contributes only 0.1% to the GDP, and it is centered around the cultivation of limited plants and flowers
On the other hand, Hong Kong is classified as the eleventh country in the world in terms of trade, as its total exports and imports exceed its domestic production, and it is the first re-export center in the world, as many of its exports represent goods that are re-exported through the city, and they are products that are manufactured outside it. Especially in mainland China - then shipped via it and distributed to other countries. Hong Kong, its geographic position, has allowed it to build a transportation system and infrastructure that includes the most crowded shipping ports and airports in the world
Hong Kong - even before the transfer of its ownership to China in 1997 - established an active investment and trade relationship with the People's Republic of China, making it now a gateway for investments entering the Chinese mainland. In 2007 there were as many as 3.46 million full-time employees in Hong Kong, giving the unemployment rate to 4.1% in the fourth consecutive year of steady decline. The services sector dominates the city’s economy, as it represents 90% of the GDP, while industry accounts for 9%. The inflation rate in 2007 was 2.5%. The main markets for which Hong Kong exports are mainland China, Japan and the United States of America
Hong Kong enjoys high independence and a political system different from that on the Chinese mainland, according to the principle of "one country, two different systems", which devotes the city to its self-rule. The city has a judicial independence that follows its common law structure. It also has an independent basic law. Its constitution, which was drawn up after the transfer of its ownership from Britain to China, stipulates that it will have a "degree of independence" in all aspects of the state, with the exception of international diplomatic relations and the military structure. The city has a flourishing pluralistic political system, and its prime minister is chosen by an election committee of 400 to 1,200 members, and this system will remain in place throughout the first twenty years of Chinese rule
Hong Kong is one of the leading economic centers in the world, as it is characterized by a thriving capital economy based on low taxes and free trade, and the city’s currency - the Hong Kong dollar - is the eighth most traded currency in the world. Due to the small area of the city and the large population, the need for an infrastructure that allows for a greater population density has emerged, and that city has turned it into a center of modern architecture and made it the highest city in the world, and caused the development of the transportation network in it until more than 90% of its residents depend on public transportation. , Which is the highest in the world. Hong Kong is also distinguished by international advanced ranks in many other fields, such as economic freedom, quality of life, anti-corruption, human development, and others
Hong Kong is located on the coast of southern China, to the east of Macau. It and Macau lie on opposite banks of the Pearl River Delta. The city is bordered on the south, east and west by the South China Sea, and on the north it is bordered by the Chinese city of Shenzhen on the side of the Shenzhen River. The area of Hong Kong has an area of 1,104 km2, of which 50 km2 are territorial waters and 1,054 km2 of land, distributed into three regions: Hong Kong Island, the Kowloon Peninsula and the New Territories, in addition to more than 200 islands of varying size, the largest of which is Lantau Island. Hong Kong controls territorial waters up to 5.6 kilometers from its shores. According to Hong Kong's land area, it is ranked 179th among the countries in the world in terms of area
Most of Hong Kong's land is made up of rugged mountains and hills, so less than 25% of its total area is inhabited, and about 40% of its remaining area is protected within national parks and nature reserves. Most of the urban expansion in the region is concentrated on the Kowloon Peninsula and on the northern coast of Hong Kong Island, as well as in settlements scattered across the new territories. The highest peak in Hong Kong is Tai Mo Shan, which is 937 meters above sea level
Hong Kong, thanks to its long and winding coast, has many bays and beaches, as well as many rivers. On September 18, 2011, UNESCO designated the Hong Kong Geopark as part of the Global Geoparks Network, and it consists of eight geographic regions distributed across the volcanic rocky region of Sai Kung Province and the sedimentary rocks area in the northeast of the New Territories
Hong Kong is one of the first financial centers in the world, and therefore its economy is a large capital economy that depends on services, characterized by low tax rates and free trade. The city uses the Hong Kong dollar, which is ranked the eighth most traded currency in the world (according to the 2010 census). Milton Friedman once described Hong Kong as the greatest experiment in the capitalist hands-off economy, but the city government has since enacted several laws and regulations on businesses, including minimum wages
Hong Kong's economy is still a highly developed capitalist economy, as it has been classified according to the Index of Economic Freedom as the most free economy in the entire world every year since 1995. Hong Kong is an important commercial and financial center, with one of the highest densities of commercial company headquarters in the Asia region. And the Pacific Ocean, and it is famous for being one of the Four Asian Tigers for its rapid development and growth from the 1960s to the 1990s. Hong Kong's GDP grew 180 times from 1961 to 1997, while its per capita GDP increased 87 times
Hong Kong began to turn into a financial center in the 1990s, but it was greatly affected by the repercussions of the Asian financial crisis that struck the region in 1998, and then again in 2003 as a result of the outbreak of severe acute respiratory syndrome (SARS). During this period, a new rise in global and domestic demand took place in Hong Kong, which led to a strong economic recovery, and the lower prices strengthened competition from Hong Kong's exports in the global market, ending a long period of weakness. In the late 1990s, the British colonial government began to interfere in the Hong Kong economy, and this has continued since 1997 and has increased continuously with the introduction of export credit guarantees, minimum wages and anti-intolerance laws
Hong Kong has few arable areas or natural resources, so it imports most of its food and raw materials from its neighboring countries. Hong Kong imports more than 90% of food, including nearly all rice and meat. Agricultural activity in the city is very limited, as it contributes only 0.1% to the GDP, and it is centered around the cultivation of limited plants and flowers
On the other hand, Hong Kong is classified as the eleventh country in the world in terms of trade, as its total exports and imports exceed its domestic production, and it is the first re-export center in the world, as many of its exports represent goods that are re-exported through the city, and they are products that are manufactured outside it. Especially in mainland China - then shipped via it and distributed to other countries. Hong Kong, its geographic position, has allowed it to build a transportation system and infrastructure that includes the most crowded shipping ports and airports in the world
Hong Kong - even before the transfer of its ownership to China in 1997 - established an active investment and trade relationship with the People's Republic of China, making it now a gateway for investments entering the Chinese mainland. In 2007 there were as many as 3.46 million full-time employees in Hong Kong, giving the unemployment rate to 4.1% in the fourth consecutive year of steady decline. The services sector dominates the city’s economy, as it represents 90% of the GDP, while industry accounts for 9%. The inflation rate in 2007 was 2.5%. The main markets for which Hong Kong exports are mainland China, Japan and the United States of America
تعليقات
إرسال تعليق